What Was One of the Strategies of Louis XIV's Controller

question 73

Multiple Choice

What was one of the strategies of Louis XIV's controller of general finances to increase the wealth and power of France?

• A) To lower tariffs on foreign goods imported to France.
• B) Reject the ideas behind mercantilism.
• C) Target weaker countries militarily and win plunder.
• D) To grant subsidies to individuals who established new industries.
• E) Removed government intervention in economic activities.

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Definitions:

Behavioral responses

The observable reactions or actions of an individual or group in response to external stimuli.

Existing patterns

Pre-established modes or paths of action that are typically followed within an organization or society.

Bounded rationality

A concept that human decision-making is limited by available information, cognitive limitations, and time constraints, leading to satisficing rather than optimal decisions.

Behavioral decision theory

A theoretical approach that studies the psychological factors influencing individuals' decision-making processes.